Rupee falls 13 paise to close at 82.73 against U.S. dollar
The Hindu
The rupee depreciated on a weak tone in domestic markets and a rise in crude oil prices.
The rupee depreciated further by 13 paise to close at 82.73 (provisional) against the U.S. dollar on Friday, weighed down by losses in domestic markets and a rise in crude oil prices.
At the interbank foreign exchange, the domestic unit opened at 82.68 against the dollar and settled at 82.73 (provisional), down 13 paise from its previous close.
During the day, the rupee touched a high of 82.63 and a low of 82.75 against the greenback.
On Thursday, the rupee had settled at 82.60 against the dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, witnessed a marginal decline of 0.10% to 103.05.
Brent crude futures, the global oil benchmark, advanced 0.59% to $76.97 per barrel.
The rupee depreciated on a weak tone in domestic markets and a rise in crude oil prices. The surge in short-term bond yields in the U.S. and the U.K. amid a hawkish tone of the central banks also put pressure on the rupee, said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.
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